Blue Gate unveils Secured Income 2

Blue Gate Capital has begun selling its Secured Income Series 2 fund.

The open-ended vehicle provides investors with an opportunity to invest in a high-yielding income fund secured against property assets and designed to take advantage of current market conditions within the banking sector.

Income is paid quarterly in arrears at fixed rates of 6% in year one, 7% in year two and 8% from year three onwards.

Investors will be able to redeem after an initial five months with one months notice and it is available as SIPP or SSAS.

Tamlyn Stone, a director of Manchester-based Blue Gate Capital says: "The fund has been designed to meet the income needs of investors in today's market. The fund, which is open ended, is aimed at medium term investors and provides increasing income returns during the first three years."